Sprint Nextel (NYSE:S) on track to lead 2012 large-cap Tech Winners – STX, LNKD, CTRX, HPQ, FB, DELL

Posted by on Dec 21, 2012

Indian IT companies are considering strong growth on a year-end IT spending sign and are offering more jobs in the US to beef up their workforce. Midsize Bangalore-headquartered software exporter MindTree Ltd unveiled plans add more U.S. citizens to staff four or five software-development centers that it is going to set up in the US over the next five years.

As the US presidential elections ended, there are projections of a year-end budget flush as corporations invest extra money on IT systems, compliance and technology change management.

Moving the discussion to U.S. tech stocks, 2012 is near to end and many of you may like to know which large-cap companies have been performing relatively well in this sector. We found it interesting that top gaining company maintains a large gap from its followers and has scored over 100% in YTD performance.

In 2012, Sprint Nextel Corporation (NYSE:S) is on the top of the sector’s winner list with a year-to-date performance of +134.19%. The stock, as of last close, traded +160.95% up from its 52 week low and was -9.27% behind its 52 week high. Its latest closing price was +34.88% above the SMA200 while the distance from SMA 50 and SMA 20 was -2.05% and -2.83% respectively.

At a very large distance, Seagate Technology PLC (NASDAQ:STX) has YTD performance up at +95.12%. Its price, as of the latest close, was up +107.70% compared with the 52 week low and was -12.85% below the 52 week high. The stock’s latest closing price was up +10.34% from the average-price of 200 days while it kept its distance from the SMA 50 at +10.81% and +11.78% compared with the SMA 20.

The year-to-date performance of another top performer Linkedin Corporation (NYSE:LNKD) stands at 83.56% with a decline of -5.59% in the last three months and +78.10% in the previous twelve months. Its price, as of the latest close, was +91.97% up from the 52 week low and was -7.84% below the 52 week high. Its latest closing price was +9.48% up from an average-price of 200 days while it kept its distance from the SMA 50 at +7.40% and +5.02% compared with the SMA 20.

Catamaran Corp (USA) (NASDAQ:CTRX) so far this year moved up +74.01% and its monthly performance stands at +0.82%. The stock was up +75.88% from the 52 week low and was -7.51% below the 52 week high. Its latest closing price was +8.07% up from an average-price of 200 days while it kept its distance from the SMA 50 at +0.55% and +0.91% compared with the SMA 20.

On the flip side, Hewlett-Packard Company (NYSE:HPQ) is declining the most in this category with more than 40% fall in 2012. It is being followed by two technology bellwethers Facebook Inc (NASDAQ:FB) and Dell Inc. (NASDAQ:DELL).

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